As a Nation Increases Its Production of Exports, Demand

question 74

Multiple Choice

As a nation increases its production of exports, demand
For all factors of production used in those firms:

• A)will rise.
• B)will fall.
• C)will remain the same.
• D)will decrease but only slightly.

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Definitions:

Epidemic

A widespread occurrence of an infectious disease in a community at a particular time, affecting a large number of people.

Condition Subsequent

A clause in a contract that specifies an event or action that terminates the contract or a duty under the contract.

Accord And Satisfaction

An agreement to end a contract with extra consideration to be supplied by the party benefiting from the discharge.

Discharged By Agreement

The termination of a contractual obligation or debt by mutual consent of the parties involved prior to the completion of the term specified.